{"id":111971,"date":"2023-10-16T18:15:00","date_gmt":"2023-10-16T12:45:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111971"},"modified":"2023-10-16T17:30:23","modified_gmt":"2023-10-16T12:00:23","slug":"anil-agarwal-stock-jumps-after-it-launches-an-end-to-end-solution-for-fibre-and-copper-cable-connectivity","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/anil-agarwal-stock-jumps-after-it-launches-an-end-to-end-solution-for-fibre-and-copper-cable-connectivity\/","title":{"rendered":"Anil Agarwal stock jumps after it launches an end-to-end solution for fibre and copper cable connectivity\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2462392939\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this cable stock founded by Mr. Anil Agarwal gained traction in Monday\u2019s trading session after the company expanded its Enterprise Networking solution portfolio with the launch of a new product.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2506884929\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 6,352.18 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/STLTECH\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Sterlite Technologies Limited<\/a><\/strong> closed at Rs 159.20 on Monday, a flat movement as compared to the previous close of Rs 159.70 apiece.\u00a0<\/p><p>The company, in a recent filing with the Bombay Stock Exchange (BSE) today, announced the launch of \u201cEstelan\u201d, an end-to-end solution for fibre as well as cable connectivity. The solution enables enterprises to modernise and digitise their large-scale network infrastructure.&nbsp;<\/p><p>The solution enables use cases like enterprise networking, multi-service premise connectivity, Intelligent building management, and many more. The company has announced that it will reach the markets in its target regions of India and MEA.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3966502148\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Having a look at the past couple of financial years, the company has successfully been able to increase the basic business indicators such as the operating revenues as well as the after-tax profits.&nbsp;<\/p><p>The operating revenues rose from Rs 5,437 crores during FY21-22 to Rs 6,925 crores during FY22-23, and, the after-tax profits, in congruence with the pattern, increased from Rs 147 crores to Rs 231 crores.&nbsp;<\/p><p>Coming onto the profitability ratios of the company, both, the return on equity (RoE) as well as the return on capital employed (RoCE), showed favorable movements with the former increasing from 7.55 percent during FY21-22 to 11.56 percent during FY22\u201323, and, the latter, during the same time horizon, moving up from 8.66 percent to 11.36 percent.&nbsp;<\/p><p>As per the latest shareholding data available for the quarter ended September 2023, the company\u2019s Promoters hold a 54 percent stake, and the remaining stake of 46 percent in the company is held by the Public (retail) investors.&nbsp;<\/p><p>Catering to customers within and outside India, Sterlite Technologies Limited is a company based in India that is engaged in the business of connectivity as well as network solutions. Its products and solutions mainly include copper telecom cables, integrated optical fiber, access equipment, etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-3604661477\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3285405684\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this cable stock founded by Mr. Anil Agarwal gained traction in Monday\u2019s trading session after the company expanded its Enterprise Networking solution portfolio with the launch of a new product.&nbsp; With a market capitalization of Rs 6,352.18 crores, the stocks of Sterlite Technologies Limited closed at Rs 159.20 on Monday, a flat movement [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10622,10620,10619,948,936,10621],"class_list":["post-111971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-sterlite-technologies-latest-deals","tag-sterlite-technologies-latest-news","tag-sterlite-technologies-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-sterlite-technologies-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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